Dr. Arvind Kishore, a homeopath doctor in practice has been advised by his Accountant to maintain his accounts on Accrual Basis instead of the presently followed Cash Basis of Accounting. Do you agree with the advice of the Accountant ? Give reasons.

Dr. Arvind Kishore, a homeopath doctor in practice has been advised by

1.	Dr. Arvind Kishore, a homeopath doctor in practice has been advised by his Accountant to maintain his accounts on Accrual Basis instead of the presently followed Cash Basis of Accounting. Do you agree with the advice of the Accountant ? Give reasons.
Answer» Solution :No, I do not AGREE. Cash Basis of ACCOUNTING is more appropriate for Dr. Arvind Kishore because a medical practitioner receives his fee immediatelyafter GIVING consultancy .

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Dr. Arvind Kishore, a homeopath doctor in practice has been advised by his Accountant to maintain his accounts on Accrual Basis instead of the presently followed Cash Basis of Accounting. Do you agree with the advice of the Accountant ? Give reasons.

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